Surrey had more housing starts than elsewhere in Metro Vancouver in September. (Photo by THE CANADIAN PRESS)

Surrey had most housing starts in September in Metro Vancouver

Last month saw 330 housing starts in Surrey

Surrey had more housing starts than elsewhere in Metro Vancouver in September, according to data released Tuesday from the Canada Mortgage and Housing Corporation.

Last month saw 330 housing starts in Surrey, 202 in the Tri-Cities and 135 in Southeast Burnaby. These were the busiest areas in Metro Vancouver for residential housing.

“Housing starts in the Vancouver Census Metropolitan Area trended lower in September 2018 as fewer projects in both the single-detached and multi-family sectors got underway,” said Eric Bond, CHMC’s principal analyst for Metro Vancouver. “Construction activity for the month was concentrated in Surrey, which accounted for one-quarter of all starts,” he said. “Demand for housing from residents remains strong and has resulted in the pace of new home construction in the Vancouver CMA so far in 2018 equaling the level recorded during the first nine months of 2017.”

Of 41,945 dwellings under construction in Metro Vancouver right now, 8,432 are earmarked for the rental market.

Nationally, housing starts were down in September (207,768 units) compared to 213,966 in August.

Bob Dugan, CMHC’s chief economist, said the national trend in housing starts was at a 19-month low in September “following declines in four of the last five months.

“The slowdown in the pace of new residential construction activity in recent months is a result of both lower single-detached and multi-starts activity and brings new residential construction closer to its long run average from the elevated levels registered in 2017,” Dugan said.



tom.zytaruk@surreynowleader.com

Like us on Facebook Follow us on Instagram and follow Tom on Twitter

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

BC Liberals firing at NDP due to fact new Surrey hospital not in budget

But Surrey-Panorama MLA Jinny Sims says business case is needed first

White Rock seeks assistance for park rain damage

City applies for provincial funding following closure of Ruth Johnson Park and ravine

United Nations designates Surrey a ‘Tree City’

Surrey is one of 59 cities in the world to receive the designation

In 2019, roughly one person died every three days in Surrey due to illicit drug overdoses

123 people died in the city in 2019, down from the previous year

Surrey RCMP looking for missing boy, age 14

Brayden Ritchat, 14, last seen in the 10800-block of 141st Street in Whalley on Feb. 21

Protecting privacy key to stopping spread of COVID-19, B.C. health officials say

The number of coronavirus cases in B.C. remains at seven

Toffoli scores OT winner as Canucks beat Habs 4-3

Demko makes 37 saves for Vancouver

Private clinics would harm ‘ordinary’ people using public system in B.C.: lawyer

Health Minister Adrian Dix announced in 2018 that the government would begin to fine doctors $10,000

B.C. terminates contract with hospice society refusing assisted death

Delta Hospice Society loses hospital service fund of $1.5 million

Child in hospital following fatal crash that killed father, sibling on B.C. highway

The single vehicle crash occured near Kamloops on Highway 5A

‘Die!’: Vernon councillor mailed death threat

This story contains information that might be sensitive to some readers

B.C. landlord can’t serve eviction notice because tenant is in jail

Homeowner baffled at arbitrator decision based on notice of hearing not being served properly

Hidden message connects Castlegar homeowners decades apart

The Rodgers family was surprised when a message fell out of the walls as they were renovating

Most Read